M
mxmike53
Rising Star
Bronze Level
Very understandable, I like the thought of the revenue stream information. I do keep track of as much data from the table that I can. I will more than likely just keep it as a side business like you said. Thank you for the inputI don't play for a living pre say, but it is an extra revenue stream for me. They say your avg. billionaire has 7 revenue streams. Thus they are making money 7 different way. having this mindset keeps you from going broke. With that said, I have my bank account for my personal money, and a spreate accounts for my "busniesses" or "extra revanue streams". I pay myself out of my other account into my personal just enough for what I need. Now of course I have a savings for retirement, future events, emergancies, ect. The key is to know how much profit you are getting from each of your revanue streams, and keep them funded accordingly. While making sure your bills get paid. If your losing money, you can only replace it with surplus of the other streams....
so ti answer your question, treat it like a business with the extra money you can afford. build it up. keep track of your wins and losses, and most of all don't get emotionally attached. treat it like a job. that is then and only then will you know if you can deal with the pressure of "playing for a living".